Looks like the next round of financial musical chairs is getting ready to start again. I only hope that when the music stops playing this time that people like me won't end up getting the wet, brown end of the stick.
Goldman Sachs has posted quarterly figures amassing a net (!) profit of over £2Bn. I too,even as a layman, find it strange that an institution that found itself relatively high up shit creek last year seems to have made a miraculous turnaround, paid taxpayers their money back and managed to post a £2.1Bn. profit within a 6 month period.
To add more fuel to that fire it seems that JPMorgan is also reporting increased quarterly profits in defiance of market predictions.
Something here just isn't adding up for me. More on this after I do some reading.
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